Al6-Lancaster Farming, Saturday, August 2, 2003
GRAIN, CATTLE, HOG,
& MILK BFP
FUTURES MARKETS
Markets Courtesy of Chicago Board and Mercantile Exchange
Closing Bids: Thursday, July 31, 2003
Com
SHBB
WBBBI
MM
tiW
mm
atst^ip
mm
nffrffP
223 1/41223 1/4(220 3/4
228 1/4 228 1/2-226 1/2 1
232 3/4 232 3/4 231!
232 1/4 232 1/4
236 1/2 236 3/4,235 1/4 235 1/2 235 1/4
246 1/2 246 1/2 246 1/2
Soybeans
Month Opening High Low
03Aug 533 1/2 541 532
03Sep
03Nov
526 1/2 529 3/4
518 520 508
04iiari
04$|ar
522 523 512 1/2
523 1/2,526 1/2,515 1/2
523; 523 516 1/2
522 1/2(522 3/4!
523 j" 5231
H
530
1 ~i', ; juVlj'.
Soybean Meal
Month Opening
03 Aug 169.8
03Sep
030 ct
03DCC 158.8
164.3
160.5
159.5
161.0
July 25,2003 below are for the months January
STRANGE AND through May 2003:
INTERESTINGFACTS • The U.S. imported 7.3 mil
miDVTDAiw. lion liters of milk and cream (1-6
ia percent butterfat) in all of 2002.
Trai Just through May of
ucts was up during the first five 2003 were 4.8 billion liters, up
months of the year. In fact, ac- 331 percent relative to the same
counting for just the protein in months a year ago. Guess where
these imports, imports were up most of this liquid milk is coming
21 percent relative Jo the. same from? Ninety-eight percent is
period ' a year ago."'The' figures ' ‘from Canada*
2321
241 1/2 n
i-Low ' f
519
520
521
Low Closing Settle Net CJHg
168.0 168.5 169.0 168.8 -5
High
170.3
163.0 163.3 163.4
157.3 157.7
165.4
160.5
155.8 156.3 156.7
156.6 157.4 157,3
158.4 159.2
158.7 159.2
160.1
160.8
161.9
160.7
160.5 i
220 3/4 |
221
226 3/4 : 227
231 1/4
232 1
246 1/2
238 n
* Closing
Closing
532 533
5191/2 519
508 1/2 ,509 1/2
513 |513 1/2
517 {517 1/2
,517 1/2 [
518
522
521 j
521
161.3 aj
161.0 b j
160.6 a!
160.5 b
-16
-16
227
-14
:23H/4j -14
i 232
-10
1235 1/2
-10
i
-6
241 1/2
|246 1/21
-14
238
Settle Net Chg
5321/2 -20
519 1/4
-74
509
-94
-86
513 1/4
1517 1/41
-70
1517 3/4
-72
-70
521 1/2
521
-74
163.4
157.7
-21
156.5
-21
157.4,
159.21
159.2
-20
-19
-19
161.2,
160.6 1
-18
-19
• Most cheese that enters the
U.S. is under a broad category
called “cheese, except fresh.”
This is everything that isn’t fresh,
grated, processed, or “blue-vein.”
Most cheese is carefully regulated
by the TRQ (tariff rate quota).
During the first five months of
2003, we imported cheese in this
category from 45 countries. The
most surprising countries of ori
gin were Columbia, Costa Rica,
Cyprus, Egypt, El Salvador, Ja
maica, Jordan, Nicaragua, Phil
ippines, Russian Federation,
Syria, and Turkey. I’m sure it’s
all of the very highest quality.
• Imports of food preparations
(fat blends) were up 31.4 percent
(over quota). This product is
mainly anhydrous milk fat. Im
ports for the first five months of
2003 were 9,584 metric tons,
compared to 17,855 metric tons
for all of 2002. These imports are
mainly from New Zealand, the
United Kingdom, and Australia.
• Chapter 4 MPC (milk pro
tein concentrates) imports are up
just 42 percent so far this year
(18,620* metric * lons)’. ‘ Imports'
Lean Hogs
Date
07/30/03 *CASH*
07/31/03 Aug 03
07/31/03 Oct 03
07/31/03 Dec 03
Feb 04
Apr 04
May 04
Jun 04
07/31/03
07/31/03
07/31/03
07/31/03
07/31/03
07/31/03
Jul 04
Aug 04
Composite Volume Open_lnt
07/30/03 8259 40236
Live Cattle
Date
07/30/03 ♦CASH* 0 8003 8003 8003 +204
07/31/03 Jui 03 7950 79507875 7885 -92
07/31/03 Aug 03 7795 7865 7745 7862 +77
07/31/03 Sep 03 7705 778076307780 +BO
07/31/03 Ocl 03 7762 778276907770 +8
07/31/03 Dec 03 7750 777276927722 -33
07/31/03 Feb 04 7732 775076977737 -25
07/31/03 Apr 04 7710 771076527700 -35
07/3 1 /03 Jun 04 7100 7100 7045 7047 -43
07/31/03 Aug 04 71 15 711570607100 unch
Composite Volume Open_lnt
07/30/03 20041 114966
Pork Bellies
Date
07/30/03 *CASH* 0 990099009900 unch
07/31/03 Aug 03 8780 878086608685 -72
07/31/03 Feb 04 7990 799078607865 -125
07/31/03 Mar 04 7830 783078307830 -110
07/31/03 May 04 8100 810081008100 -75
07/31/03 Jul 04 8150 815081508150
Composite Volume Open_lnt
07/30/03 537 1683
Oats
Month Opening High Low
03Sep
OJfcfec
04mȣ
04May
136 3/4 140 1/2 136 1/4 140 139 3/4 139 3/4!
142 3/4 146 141 1/2 146
150 151
from New Zealand alone are up
85 percent (14,717 metric tons in
2003). Imports from Poland, a
very small player, are up 758 per
cent (472 metric tons in 2003).
• Chapter 35 MPC imports
are up 137 percent so far this
year to 4,474 metric tons. Im
ports are way up from Australia.
In fact, they account for nearly
half our import levels. So far this
year we’ve seen MPC imports
from interesting places like Bela
rus, China, and Latvia.
We import a lot of casein from
around the world. Total casein
imports in 2002 were 57,519 met
ric tons. So far this year, we’ve
imported 29,209 metric tons, up
30 percent from the same five
months a year ago. Most of this
increase has come from Australia
(up 68 percent) and New Zealand
(up 69 percent). Did you know
that so far this year we’ve im
ported 3,854 metric tons of casein
from India? We’ve also imported
casein from 18 different countries
including Belarus, China,
(Tunv to Pag» A 46) - -
~ u- L. ■ Previous Previous
Open High Low Last Chge Vo|umc open , nt
0 0
2574 9295
4550 19971
781 7126
229 1958
63 1115
15 250
19 348
20 153
8 20
0 575957595759 -93
5870 588057105730 -140
5132 517050755130 -2
5040 507050005012 -43
5427 547054055430 -5
5715 5745 57005730 +3
6080 610060306100 unch
6210 621562006212 -3
6005 601560056012 unch
5870 587558605870 -2
. t , .p,. Previous Previous
Open High Low Last Chge Vo|ume Qpenjnl
0 0
7 39
7224 17564
14 341
7371 58294
2997 20006
896 11806
1313 5394
208 1502
11 20
u- ui v , Previous Previous
Open High Low Last C hge ~ . „ , ,
Volume Open_lnt
0 * 0
451 1356
86 315
0 9
0 3
ISO 151
145 n
150 n
-50 0 0
Settle [Net Chg
Closing
i 155! +24
155 n,
150 n
150| Unch
Average Farm Feed
Costs for Handy
Reference
To help farmers across the state to have
handy reference of commodity input costs
in their feeding operations for DHIA re
cord sheets or to develop livestock feed
cost data, here’s last week’s average costs
of various ingredients as compiled from
regional reports across the state of Penn
sylvania.
Remember, these are averages, so you
will need to adjust your figures- up or
down according to your location and the
quality of your crop.
Com, No.2y 2.75 bu., 4.92 cwt.
Wheat, N 0.2 3.25 bu., 5.43 cwt
Barley, N 0.3 1.88 bu., 4.03 cwt.
Oats, N 0.2 1.97 bu.,6.1S cwt.
Soybeans, No.l 5.58 bu., 9.32 cwt.
Ear Corn 83.24 ton, 4.16 cwt.
Alfalfa Hay— 118.00 ton, 5.90 cwt.
Mixed Hay 110.00 ton, 5.50 cwt.
Timothy Hay 121.25 ton, 6.06 cwt.
+ 22
146; +l4
151,
+ 22
145 j Unch;
1501 Unch